📊 Santa Monica Home Sales Update: Market Trends & What Buyers and Sellers Should Know

By Hays Westbrook & Jocelyn Kelley — Santa Monica Real Estate Experts

The Santa Monica housing market continues to show distinct patterns in home sales as we move through the end of 2025. Whether you’re thinking about selling your property or scouting for your next dream home along the coast, understanding the latest sales data, pricing trends, and neighborhood activity is essential. In this post, we break down recent home sales and what they tell us about Santa Monica’s real estate landscape.

🏡 Median Home Prices Reflect Market Shifts

According to recent housing data, the median sale price for homes in Santa Monica reached approximately $1.75–$1.85 million in late 2025, showing a year-over-year decrease of about 10% in some reports compared to the previous year. Homes are still commanding premium prices, but the slight moderation reflects broader market adjustments tied to higher mortgage rates and shifting buyer demand. Redfin

Downtown Santa Monica specifically reports a median sale price around $1.9 million, with properties selling at a steady pace. Redfin These figures indicate that while overall values have softened slightly, desirable neighborhoods continue to hold strong appeal for both local and out-of-area buyers.

📉 Sales Volume & Market Activity

Sales volume in parts of Santa Monica has shown mixed trends. For example, home sales were down about 17% year-over-year, with fewer properties closing compared to last year. Redfin Days on market have generally lengthened slightly, rising from around 48 days to roughly 51 days, giving buyers a bit more room to consider decisions. Redfin

This trend benefits buyers who may have been priced out during peak competition, but sellers with well-priced, well-presented homes are still attracting strong interest — especially for single-family homes and well-located condos.

🏙️ Neighborhood Highlights: 90402 and Condominiums

In the upscale 90402 (North of Montana) area, properties tend to maintain higher price points and steady buyer interest thanks to premier location and lifestyle appeal. Nearly every neighborhood in Santa Monica has its unique draw, and high-demand corridors continue to see movement even in softer markets. Philippe Properties

For condominiums, recent market reports show steady activity with median condo prices in the ballpark of $1.16 million to $1.99 million, depending on location and amenities. Philippe Properties Downtown condo sales often move more quickly, especially units priced strategically or offering direct access to local retail, dining, and transit.

🔍 What This Means for Buyers & Sellers

For Buyers:

• You’re seeing more inventory and slightly less bidding pressure, which can be advantageous if you’re prepared and financially ready.

• Properties with modern updates, thoughtful staging, and competitive pricing are still selling quickly.

• A slight cooling trend means you may have time to evaluate options without the frenzy of past years.

For Sellers:

• The market is still strong for well-priced homes — especially those in prime locations or with luxurious features.

• Pricing strategy matters more than ever; overpriced listings tend to linger.

• Homes that align with current lifestyle preferences (outdoor space, home offices, turnkey condition) often outperform expectations.

🌟 Final Thoughts

Santa Monica remains one of Southern California’s most desirable coastal markets, with strong long-term value supported by lifestyle appeal, excellent schools, and proximity to beaches and city amenities. While home sale prices have softened modestly in 2025, motivated buyers and sellers still have opportunities to make smart and successful moves.

If you’re interested in the latest Santa Monica home sales data, neighborhood pricing, or personalized insights into your property’s value, contact us — Hays Westbrook and Jocelyn Kelley — your trusted local real estate partners. Let’s navigate this dynamic market together.